Karachi: Kohat Cement Company Limited has disclosed a significant share transaction involving a director of the company, Hijab Tariq, as part of its compliance with the Pakistan Stock Exchange's (PSX) Regulation 5.6.4 concerning the disclosure of interest by relevant persons.
According to the disclosure, Hijab Tariq executed a sale of 13,000 shares of Kohat Cement at a rate of 378.04 per share. This transaction, which took place on May 21, 2025, was conducted through the Central Depository Company (CDC). Following this sale, the cumulative shareholding of Hijab Tariq in the company stands at 33,614,734 shares, representing 18.28% of the company's total shares.
The disclosure was made to ensure transparency and compliance with regulatory requirements. According to information available from the Pakistan Stock Exchange (PSX), the transaction falls under the designated market category for such disclosures.
Kohat Cement Company Limited, operating in the cement industry, is required to report such transactions to maintain transparency in its operations and ensure that stakeholders are informed of changes in shareholding by key personnel.